Compliance and Data Brokering
The collection and declaring of production data to the Government is a legal requirement for all oil and gas producers. Failure to comply with the submission of timely and accurate information can result in significant financial penalties.
Daily, weekly and/or monthly production reports also need to be sent to non-operating shareholders by any operator.
It is essential that this brokering of data is accurate and timely if the operator is to maintain a credible service to their customers.
An operator’s production system may need to interface with the external systems of non-operators and/or companies which provide a data brokering service.
At Aventa, we have vast experience in working with companies who provide data brokering services and who are aware of the security implications of passing data to systems outside their customer’s domain.
In the oil and gas industry, it is normal for the different levels of management to require access to varying levels of data granularity. Manual systems which duplicate data from spreadsheets erode the integrity of the information and managers are forced to rely on data which may already be out of date by the time they get it.
Important decisions are therefore regularly made on information which may not reflect the current status. Accessing real-time data, where it is available – or at least a view of the most up to date data available – ensures that the best decision possible can be made at the time.
Data integrity is enhanced by accessing the data at its source rather than exposing it to human error or manipulation. One version of the data is made accessible to authorised viewers to ensure that everyone is working on the most up to date data available.
The population of spreadsheets via automated data collection at source goes a long way to eliminating the likelihood of errors
Database Design and Build
Accessing data from several sources often involves the need to pull it into its own consolidated database – especially when there is a need to compare data from different sources against each other and external measurements such as the company’s Key Performance Indicators, prior to creating reports. It’s rare to find that all data stored, perhaps in several different source systems, is held in the same format. Data from desperate sources and format needs to undergo a process of transformation before it can be stored and accessed in a universal database.
Aventa have database experts who understand the methodology of creating such databases using ETL (Extract, Transform and Load) technologies.
The parameters of how long the stored data is kept can be dictated by the customer. The ability to revisit historical production data trends within defined periods can offer an opportunity for the customer to consider development actions of their business for the future.